Spain electric bus market is estimated to grow at a considerable CAGR during the forecast period. Increasing awareness about green vehicles to reduce the level of greenhouse gases is a major factor to propel the growth of the Spain electric bus market. However, the high cost of electric buses in comparison to other conventional buses is a major factor that may restrict market growth. Technological advancements and growing adoption of high-end batteries to cut down the cost of electronic buses are anticipated to be major growth opportunities for the Spain electric bus market.
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Spain electric bus market is composed of several local and international players. Some of the major market players operating in the market include BYD Co. Ltd., Irizar Corp., Jiangsu Alfa Bus Co., Ltd., Kiepe Electric GmbH, and Solaris, among others. These market players are anticipated to offer significant opportunities towards the growth of the market owing to their on-going R&D activities, investment in new technologies, and geographical expansion, among others. For instance, in May 2018, Irizar Corp. installed its plant in Aduna, Spain with an initial capacity of 1,000 vehicles per year for the manufacturing of electric buses along with other types of industrial vehicles to complement the electromobility needs of cities in Spain.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Spain Electric Bus Market Report Segment
By Bus Type
- Hybrid Electric Bus
- Fuel Cell Electric Bus
- Battery Electric Bus
By Battery Type
- Lithium-ion Batteries
- Others
By End-User
- Government
- Fleet Owner
The Report Covers
- Comprehensive research methodology of the Spain Electric Bus market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Spain Electric Bus market.
- Insights about market determinants which are stimulating the Spain Electric Bus market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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